XRP Drops 6% and Tests $2 Support Level After Weekend Sell-Off

⬤ XRP caught traders’ attention over the weekend after dropping roughly 6% and slipping beneath the psychologically important $2 level. The sudden move sparked concern across the market, but what happened next was equally telling—instead of continuing to crash, the price simply stopped and started hovering. That pause suggests the initial panic may be cooling off, at least for now.

⬤ Looking at the chart, XRP is consolidating just under a descending trendline that’s been capping price action since it topped out around $2.40. Right now, it’s sitting just above a high-volume zone between $2.00 and $2.06, where a lot of trading has taken place recently. That cluster of activity shows the market is trying to figure out if this price range represents good value or if there’s more room to fall.

⬤ The candlestick patterns back this up. After the sharp drop, the candles got smaller and less aggressive, which usually means indecision rather than a full-blown selloff. Volume also tapered off after the initial spike, a common sign that a market is shifting from directional movement into sideways action. While breaking below $2 wasn’t great news for bulls, the fact that selling didn’t intensify is keeping some hope alive.

⬤ What happens next could set the tone for the coming days. If XRP manages to climb back above $2.06–$2.10, it might signal that buyers are regaining control. On the flip side, if it breaks down from here, lower support zones could come into play fast. For now, it’s a waiting game, with everyone watching how volume and price react around that $2 threshold.